Fund NAV definition

Fund NAV means the net asset value of the Fund, as calculated in accordance with Paragraphs 5.6 and 5.7.

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Fund NAV means the official closing price or net asset value (NAV) or other liquidation value for the shares or units in the relevant Fund as published by the relevant fund manager, calculation or publication agent or administrator in respect of such Fund as per the relevant date;

Fund NAV means the net asset value of a Sub-Fund; “Fund Term” means the term of each Sub-Fund, which shall continue until terminated in any of the circumstances set out at Section 2.14; “Gross Negligence” and “Grossly Negligent” means, in relation to a person, a standard of conduct beyond negligence whereby that person acts with reckless disregard for the consequences of a breach of a duty of care owed to another; “IFRS” means International Financial Reporting Standards; “Important Change” has the meaning ascribed to it in the Resolution, as set out at Section 2.20; “Indemnified Party” means each of the Fund Manager and its directors, officers, employees, Affiliates, advisors and agents; “Initial Closing Date” means initial closing date of each Sub-Fund; “Interested Party” and together, the “Interested Parties” means each of the Fund Manager and its respective shareholders, directors, officers, employees, agents and Affiliates; “Investment Committee” means the investment committee of the Fund Manager, as set out at Section 5.3; “Legal Advisor” means White & Case LLP; “Luxembourg Law” means Luxembourg Law of 17 December 2010 on undertakings for collective investment, as amended from time to time; “Management Fee” means the management fee paid by a Sub-Fund to the Fund Manager, as set out at Section 8.1; “Master Fund” means Allianz Global Investors Fund, a société anonyme under the laws of the Grand Duchy of Luxembourg that qualifies as an open-ended société d’investissement à capital variable (SICAV) under part I of the Luxembourg Law; “Master Fund Manager” means Allianz Global Investors GmbH, in its capacity as the management company of the Master Fund; “Master Fund Prospectus” means the prospectus of the Master Fund, as may be amended from time to time; “Master Fund Share Class” means a class of shares of a Master Sub-Fund; “Master Sub-Fund” means a sub-fund of the Master Fund; “Material Change” has the meaning ascribed to it in the Resolution, as set out at Section 2.20; “Minimum Holding” means Units having a total net asset value as at the last Valuation Day of not less than US$5,000 or such lesser amount

Examples of Fund NAV in a sentence

The Management Company may announce a suspension or deferral of redemption and such a measure shall be taken to protect the interest of the Unit Holder(s) in the event of extraordinary circumstances or in the event redemption requests accumulate in excess of ten percent of the Units in issue or 10% of Fund NAV.
The NAV of the Fund (“Fund NAV”) and of any Class (“Class NAV”) is the net assets of the Fund or the Class, as of the close of business on the Valuation Date, determined in accordance with Section 5.4. Net assets of the Fund and of each Class are its assets minus its liabilities, as set forth more fully in this Section 5.3. Class NAV may include the Class’ share of Fund NAV not associated with another particular Class.
Its amount shall be determined by adjusting the Opening Capital Account of the Limited Partner for the Accounting Period as follows: Any increase or decrease in the Fund NAV for the Accounting Period shall be credited or debited (as the case may be) Pro Rata to the individual Opening Capital Accounts of all Limited Partners, including the General Partner.
However, if the General Partner determines that any increase or decrease in Fund NAV is not attributable to a particular Class, the item shall be allocated among all Capital Accounts according to the Fund Percentage of each Capital Account.
Members whose redemption requests are delayed because of the application of the gate (i) will not be able to liquidate all of their interests in the Fund as quickly as they may have desired, and (ii) with respect to the unredeemed portion of their holdings, will be required to bear the risk of fluctuations in the Fund NAV until such remaining holdings can be liquidated.
Each month, the Fund shall pay Party A a fee of 0.35% (35 basis points) per annum times the average daily Fund NAV (the "OPTION FEE").
The Market Value of Cash Equivalents shall equal or exceed five percent (5%) of the Fund NAV (excluding any value attributable to this Agreement and the Market Value of Cash Margin).
Notwithstanding the foregoing, in the event that the Service Provider calculates a Fund NAV that includes an NAV Error, the Service Provider shall provide the Client with NAV Error credits in the manner set forth below: Each NAV Error is treated as an NAV Error only once (i.e., if an NAV Error lasts more than one business day before it is discovered, it is treated as one NAV Error and excluded from both the numerator and denominator in the calculation after the first day).
It will be the responsibility of the Funds' investment adviser to review these reports and to promptly notify ASU of any possible problems, trade discrepancies, incorrect security prices or corporate action/capital change information that could result in a misstated Fund NAV.
Each Fund NAV calculated by the Service Provider and transmitted to NASDAQ 2nd Session will be delivered on time at a calculated rate of 97.0% or above.

More Definitions of Fund NAV

Fund NAV means the sum of the NAV and the “net asset value” of each Parallel Fund, in each case as defined in, and calculated in accordance with the terms of, the applicable Parallel Fund Agreement.

Fund NAV means on any date of calculation, an amount (determined, as applicable, in accordance with the Valuation Methodology) equal to the excess of a) the sum of: 1) the aggregate Market Value of all Cash Equivalents held by the Fund (excluding Cash Equivalents held as Cash Margin) on such date; 2) the aggregate Market Value of all Treasury Zeroes, Agency Zeroes and Treasury Notes held by the Fund on such date; 3) the aggregate Cash Margin; 4) the aggregate Market Value of all Long SPX Put Options and Short SPX Call Options entered into by the Fund; 5) to the extent not included in the foregoing, an amount equal to the aggregate amount of interest and dividend receivables and receivables for securities sold payable to the Fund; 6) an amount equal to the aggregate amount payable to the Fund by the Manager pursuant to the Investment Management Agreement on account of expenses incurred by the Fund that are subject to reimbursement by the Manager; and 7) the dollar value of net receivables for the Fund reflected in the Fund's trial balance, to the extent not already reflected above. b) an amount equal to the aggregate amount of the liabilities allocated to the Fund as reflected in the Fund's trial balance, including but not limited to all amounts payable by the Fund in respect of securities purchased and the amount of debt (principal plus accrued interest) incurred by the Fund; provided, however, that any receivable ascribed to the Agreement shall be excluded when calculating the Fund NAV.

Fund NAV means the value of the Fund Assetsprevailing as at the close of business on the relevant Valuation Day, less all Fund Liabilities calculated on that Valuation Day. “Historical Financial Performance” means the historical financial performance of the Fund as summarized in Section 5 )“Fees, Charges, and Expenses”) of this Information Memorandum.

Fund NAV means the net asset value per unit or share of a Fund comprising the Benchmark Portfolio as communicated by the manager of the Fund on any Fund Business Day;